Kurdish Government Inches Up Oil Sales To Meet Debts

The semiautonomous Kurdistan Regional Government (KRG) in northern Iraq has escalated its direct oil sales beyond what’s permitted by an agreement with Baghdad in order to cope with rising debts incurred because of what it calls budget cuts by Iraq’s central government. In Erbil, the KRG report on its oil sales in June said it delivered an average of 571,021 barrels of oil per day, or a monthly total of 17,130,639 barrels, via pipeline to the Turkish Mediterranean seaport of Ceyhan, and that it delivered an average of 150,000 barrels…

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Kurdish Government Inches Up Oil Sales To Meet Debts

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